Tomco Energy Share Discussion Threads

[lopodop] 30/12/2022 22:00

SL
Who are the experienced investors still aboard by the way? OR are they embarrassed to say?

[damac] 30/12/2022 21:00

Vauch.....

Under the terms of the lease, the third party still has 14 months to get it operational.....


10th February 2022


Third Party Lease

TSHII has entered into a 10 year lease with a tenant starting from 1 March 2022 covering an existing refinery on the TSHII site that is not required for Greenfield's plans and was previously scheduled to be demolished should Greenfield acquire 100% of TSHII. The tenant intends to develop a 10,000 barrels of oil per day refinery on the site and under the terms of the lease has two years in which to do so without potentially forfeiting the lease.

The lease requires the tenant to pay TSHII US$10,000 per month as a monthly rent, together with a further US$3 production rent on every barrel of produced hydrocarbons.

[lopodop] 30/12/2022 20:33

SL
SUPPOSE you were negotiating with JP for GF. What would you offer if you could get it for zilch with a few beans thrown in years later?

[stuart little] 30/12/2022 20:19

The unfilter button should be used wisely. Thankfully it can easily be reversed.

[lopodop] 30/12/2022 20:15

SL
YOU lose it so very quickly - keep your calm - JP will help you in this regard. Most of us have been naive at some time because we trusted others and we learnt then that you should trust no one in business. This is what investors are finding here so it is unhelpful to lead them on as you and DAMAC do. No matter how much you research one cannot pick up all the weaknesses.
Now be a good investor and drink a comforting red wine - in the New Year it will seem so much better and you can find other challenging scenarios.

[stuart little] 30/12/2022 19:53

You arrogant tosspot. Goodbye.

[stuart little] 30/12/2022 18:52

And scaremongering with the suggestion of receivers next week moves you very close to it. Pure stupidity that.

[stuart little] 30/12/2022 18:48

Pray tell why shareholders would approve the disposal of GF for no retained equity and no up front payment? The board can't force this through without our backing. You won't agree or wish to acknowledge this but some of the 2.2bn are held by experienced investors. I've unfiltered everyone for now...I wonder who goes back on the naughty list first.

[vauch] 30/12/2022 18:45

Did any thing happen regarding the refinery that was going to be run on site.

[lopodop] 30/12/2022 18:40

SL
Groat and Castro will be perusing the situation this weekend. In order to limit damage personally they could opt for a receivership next week and claim that they have saved the day by stopping all costs henceforth. The market will soon forget the story and they can carry on carrying on. A sweet end!

[lopodop] 30/12/2022 18:30

SL
Let’s say the buyer / buyers take over GF, if they negotiate hard the consideration will be no equity and no cash, perhaps though with a small pittance down the line which may never crystallise. That values TOM’s shares at what?? A great deal will say the Board. Your portfolio will be none the worse so you will be a happy chap.
And be reminded as to who is negotiating for TOM, the acclaimed loss making entity, your friend ,the accomplished JP. US lawyers will laugh - ho ho.
Still the good news is that the shares are seemingly worthless now so it cannot get any worse.
At least the worst is over for investors.

[stuart little] 30/12/2022 17:46

News of retaining a 5-20% stake in GF with no further project liabilities, along with a substantial upfront cash payment will rerate this dramatically. You don't see such a deal being concluded, I do. The rest is just banter.

[fenners66] 30/12/2022 17:36

Stuart

Good luck to you for 2023 too.

I suspect the rest of your portfolio will do the heavy lifting.

Happy and prosperous New Year all

[stuart little] 30/12/2022 16:43

Hey fenners, good to speak again. My portfolio in 2022 has fluctuated between £340k-£520k. It's currently towards the bottom end. I don't generally get concerned about such fluctuations. I bank enough to get by. Bit frustrating but I've still every confidence on all my choices for 2023. All the best.

[fenners66] 30/12/2022 16:22

Reads as though SL is intimating he's down about £20k....

[stuart little] 30/12/2022 15:53

Happy New Year one and all. Fat lady hasn't sung here yet. Oh and Lopy, I now have 10m more shares to take into the GF disposal announcement in January.

[ducky fuzz] 30/12/2022 14:24

Vauch you make me quackers.

[lopodop] 30/12/2022 13:59

TD
The RNS is a worthless piece signed off by the money grabbers.
Absolutely nothing can / should be read into it.
Is it surprising that Zac Phillips got caught up in TOM. May be he was desperate for income and is now negotiating his payoff as compensation for damage to his future prospects. ‘Get me out of here’.

[mashman] 30/12/2022 13:42

Happy new year Tommers. Don't wont to be out of these over the weekend X

[kemche] 30/12/2022 12:56

I suspect rmart will continue to average down.

[rmart] 30/12/2022 12:53

I did think to myself that maybe the nomad is fed up of Tomco’s endless can kicking and talk of funding and said a blank no to mentioning it again. Let’s see.

[vauch] 30/12/2022 12:52

Roll on duck shooting season.

[kdickson] 30/12/2022 12:28

I agree DF. No one likes to see the share price dropping through lack of information. As long as you believe in the end result and have loads of patience...but then those 2 things aren't exactly easy to pull off! ;)